Pass-through taxation for venture capital investments treats investor income as direct, with reporting and deemed allocation. Income received by investors from investments in a venture capital company or fund is taxed in the investor's hands as if invested directly; payers and the venture entity must file prescribed statements; income retains its character and proportion when passed to investors; unpaid income is deemed credited at year-end in investor proportions; income taxed on accrual is not taxed again on payment; specified investment funds are excluded and Chapter XIX-B is inapplicable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pass-through taxation for venture capital investments treats investor income as direct, with reporting and deemed allocation.
Income received by investors from investments in a venture capital company or fund is taxed in the investor's hands as if invested directly; payers and the venture entity must file prescribed statements; income retains its character and proportion when passed to investors; unpaid income is deemed credited at year-end in investor proportions; income taxed on accrual is not taxed again on payment; specified investment funds are excluded and Chapter XIX-B is inapplicable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
